The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund
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SBI Mutual Fund, through its various schemes, acquired 10,59,235 shares of Mahindra & Mahindra Financial Services Ltd on May 27, 2025 via open market purchase. This pushed SBI MF's total holding from 4.9164% to 5.0022% of the company's paid-up share capital, crossing the 5% disclosure threshold. The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. SBI MF is not part of the promoter/promoter group, and the incremental purchase represents only 0.0857% of the company's share capital.
This is a routine regulatory disclosure triggered by SBI MF crossing the 5% ownership mark through a small incremental buy. It reflects continued institutional interest in the stock but is unlikely to materially move the share price given the modest size of the acquisition.